Modi Cabinet Approves ₹1.74 Lakh Crore for 5 Mega Infrastructure Projects

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved five major projects aimed at boosting India's infrastructure, agriculture, and energy sectors. Union Minister Ashwini Vaishnaw announced that a total outlay of ₹1,74,207 crore has been sanctioned for these initiatives. These decisions are expected to provide a significant impetus to the national economy while addressing the immediate needs of farmers and urban commuters. The projects span across multiple states, reflecting the government's focus on balanced regional development and self-reliance in energy and industrial production.

₹41,534 Crore Subsidy for Fertilizer Prices

In a major move to support the agricultural community, the Cabinet has approved a subsidy of ₹41,534 crore for fertilizers, specifically DAP (Di-ammonium Phosphate) and NKPS, for the upcoming Kharif season. Despite the volatility in international prices of raw materials, the government has decided to keep the price of a DAP bag fixed at ₹1350 for farmers. According to officials, the central government will bear the additional cost burden to ensure that farmers don't face financial hardship during the sowing season, while this move is aimed at maintaining food security and supporting rural incomes across the country.

Jaipur Metro Phase-2 Gets Green Signal with ₹13,038 Crore

To address the growing traffic congestion in Jaipur, the Cabinet has approved the construction of Jaipur Metro Phase-2. This 41 km long corridor will be built at an estimated cost of ₹13,038 crore. The project is designed to provide a easy and eco-friendly transport solution to millions of residents in the Pink City, while the expansion will connect key residential and commercial hubs, Notably reducing travel time and carbon emissions. Officials stated that the project will be executed with modern engineering standards to ensure safety and efficiency for daily commuters.

₹79,459 Crore Allocated for HPCL Rajasthan Refinery

The government has sanctioned a massive fund of ₹79,459 crore to complete the HPCL Rajasthan Refinery Limited (HRRL) project. Located in Barmer, Rajasthan, this refinery-cum-petrochemical complex is one of the most significant industrial projects in the state, while according to the announcement, the project will enhance India's refining capacity and reduce dependence on imported petroleum products. Beyond energy production, the refinery is expected to create thousands of direct and indirect jobs, fostering industrial growth and infrastructure development in the western region of Rajasthan.

Strengthening Energy Security with Mega Hydro Projects

Two major hydro-electric projects have received the Cabinet's final approval to bolster India's renewable energy portfolio. The 'Kamla Hydro Electric Project' with a capacity of 1,720 MW has been sanctioned with an investment of ₹26,070 crore. On top of that, the 'Kalai-II Hydro Electric Project' with a capacity of 1,200 MW has been approved at a cost of ₹14,106 crore. These projects are strategically important for the North-Eastern region and will play a crucial role in meeting the nation's peak power demand while contributing to the transition towards cleaner energy sources.

Focus on Strategic Infrastructure and Economic Growth

Union Minister Ashwini Vaishnaw emphasized that the cumulative investment of ₹1,74,207 crore represents the government's commitment to long-term structural growth. By integrating agricultural support with high-tech industrial and urban infrastructure, the government aims to create a solid economic environment. According to official statements, these projects will be monitored closely to ensure timely completion. The focus remains on enhancing the ease of living for citizens and strengthening the nation's strategic assets in the energy and transport sectors.